SP1 0.00% $1.07 southern cross payments ltd

Hi @jkim78 The shares could trade tomorrow without any risk of...

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    Hi @jkim78

    The shares could trade tomorrow without any risk of loss to shareholders.

    Why... because the 330 million performance shares would be escrowed before trading commences. That means even if the PS are cancelled, it will never effect any other investors shares. Investors shares carn't suddenly be taken away as your implying because of the escrow and the buy/sell is between the existing non escrowed shares that are clean and available to trade.

    Investors can value the company with the current 1.1 billion SOI as they did before this suspension.

    In the unlikely even that the 330 million PS are cancelled at some point, that event would decreases the total SOI, which creates a positive effect on the company share structure.

    There is no problem trading whilst an investigation is running in the background, as investors are not at risk of loss of the shares they own at any time. Everything either stays the same or the metrics turn positive if the 330 million PS are cancelled.

    Cheers
    Tradealot

    .
 
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